Arbitrum rolls out ‘Atlas’ upgrade, integrating use of blobs | Headlines | News | CoinMarketCap
03/14/2024 23:14
Offchain Labs, the core contributor to Arbitrum, has implemented the Dencun upgrade within the Arbitrum ecosystem through the ArbOS 20 upgrade, known …
The Block13 minutes ago
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Published on March 14, 2024 16:01 GMT+00:00edited on March 14, 2024 16:04 GMT+00:00
Offchain Labs, the core contributor to Arbitrum, has implemented the Dencun upgrade within the Arbitrum ecosystem through the ArbOS 20 upgrade, known as “Atlas.”
The purpose of the Atlas upgrade on Arbitrum is to reduce Ethereum Layer 2 transaction costs by integrating the blob transactions feature, which became available following the recent Dencun launch. This was implemented following a governance approval from Arbitrum DAO
The Dencun upgrade introduced yesterday has equipped Layer 2 networks with a novel transaction type known as blobs. These blobs create a new method for chains to store information on Ethereum, moving away from the conventional “calldata” approach, and paving the way for significant reductions in transaction fees for Layer 2 networks including Arbitrum.
To …